Binance is considering a complete exit from Russia – Kommersant
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The largest cryptocurrency exchange Binance is reviewing its Russian business and may completely withdraw from Russia. This was reported to The Wall Street Journal by a representative of the exchange on condition of anonymity.
“All options are under consideration, including a complete exit,” said a spokesman for the exchange. The Wall Street Journal (WSJ).
August 26 Binance restricted for Russians to trade any currency through Binance P2P (peer-to-peer, “from person to person”), with the exception of the ruble. This applies to clients who have passed the Know Your Customer (KYC) verification in Russia.
This happened after the release of the material The Wall Street Journal that Binance still supports the sub-sanctioned cards of Sberbank and Tinkoff, renaming them to the “green local card” and “yellow local card”. Two weeks before the release of the material, an advertisement for Binance services in Russia appeared on the YouTube channel of Russian journalist Yuri Dudya (recognized as a foreign agent).
In April, Binance canceled a limit of €10,000 for Russians, which was set in the spring of 2022 as part of the sanctions. In the same month, Binance allowed deposits from Russian cards.
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